Biotechnology policy to boost investment

Thru Kerala News

Jaipur, India : In a bid to attract investment in biotechnology, Rajasthan plans to announce an investor friendly policy offering special concessions to prospective entrepreneurs.

Highly placed sources in the state government said the policy was being worked out and would be on the lines of similar plans in Andhra Pradesh and Karnataka where lucrative incentives are being offered.
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Accordingly, the state's development and financial institution, Rajasthan Industrial Development and Investment Corporation (RIICO), is considering developing state of the art biotech parks in Jaipur, Jodhpur and Bhiwadi.

RIICO would develop high-class infrastructure in terms of developing plots, providing continuous power, high-speed data facility, roads and common testing facility in these parks to be set up on 30 acres.